Executives from Palawan Group and BDO formalize their strategic partnership, launching a collaboration to deliver faster, more convenient financial services to Filipinos nationwide.
The Palawan Group of Companies, the country’s most trusted pawnshop and remittance provider, has formalized a strategic partnership with BDO Unibank, Inc., one of the Philippines’ largest banks, to expand access to faster, more convenient, and more efficient financial services nationwide. The collaboration leverages Palawan Group’s extensive physical network alongside its digital wallet, PalawanPay, positioning the group as a key nationwide channel for BDO’s payment and collection services.
Through this partnership, BDO’s corporate billers, its employees and customers can leverage Palawan Group’s extensive nationwide network of branches to accept over-the-counter and PalawanPay e-wallet as an alternative payment transaction. As BDO billers are integrated into the Palawan Group ecosystem, it enables customers to complete bill payments, remittances, and other essential transactions beyond traditional bank branches. By combining BDO’s banking expertise and cash management capabilities with Palawan Group’s nationwide reach and digital capabilities, the collaboration helps streamline corporate partners’ collection remittances, reduce transaction bottlenecks, and support more efficient service delivery for businesses, partner billers, and customers.
As BDO's first partner onboarded for this initiative, Palawan Group reinforces its commitment to bridging financial services gaps and enabling broader financial inclusion across communities.
Palawan Group of Companies President and CEO Karlo M. Castro emphasized the company’s mission to serve cash-based and underserved communities through its partnership with BDO.
Karlo M. Castro, President and Chief Executive Officer of Palawan Group, said, “This is especially helpful for cash-based customers and those in provincial and underserved areas, which the Palawan Group has always endeavored to serve. Many of our kababayans still rely on physical touchpoints for their daily transactions, and this partnership ensures they are not left behind as financial services continue to evolve.”
Beyond convenience, the partnership also strengthens financial infrastructure in communities with limited access to traditional banking facilities. With more than 3,500 Palawan Pawnshop–Palawan Express Pera Padala branches nationwide, many of which operate on weekends and holidays, and over 23 million PalawanPay users, the Palawan Group provides reliable access points where customers already transact with confidence. This expanded reach helps reduce travel time, lower transaction costs, and ensure more consistent financial services, particularly in provincial and predominantly cash-based markets.
PalawanPay President and CEO Third Librea highlighted how the partnership with BDO leverages both organizations’ strengths to expand financial services to the last mile.
Third Librea, President and Chief Executive Officer of PalawanPay, shared, “By combining BDO’s scale with Palawan’s reach, and with PalawanPay serving as the digital bridge, this collaboration enables faster, more convenient, and more inclusive payment solutions. It allows us to extend financial services to the last mile by seamlessly integrating physical access with digital capability.”
Carlo Nazareno, Senior Vice President and Head, TBG - Cash Management Services of BDO Unibank, Inc. added, “BDO brings comprehensive pillars representing a diverse portfolio across sectors such as utilities, telecommunications, government agencies, education, and more. Through this partnership, Palawan Group customers will have access to a broader range of bills payment options, making everyday transactions easier and more seamless.”
For Palawan Group, the partnership underscores its continued leadership in inclusive financial services. By aligning its nationwide footprint with digital innovation and strategic collaborations, the company strengthens its role in delivering secure, accessible, and practical financial solutions that meet the everyday needs of Filipinos nationwide.
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